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HomeMy WebLinkAboutEDA AGN 02-19-02CITY OF COLUMBIA HEIGHTS 590 40th Avenue N.E., Columbia Heights, MN 55421-3878 (763) 706-3600 TDD (763) 706-3692 Visit Our Website at: www. ci. columbia-heights, mn. us EDA COMMISSIONMERS Robert W. Ruettimann Patricia Jindra Marlaine Szurek Julienne Wyckoff Gary L. Peterson Bruce Nawrocki Bobby Williams ECONOMIC DEVELOPMENT AUTHORITY February 19, 2002 The following is the Agenda for the regular meeting o£ the Columbia Heights Economic Development Authority (EDA) to be held IMMEDIATELY FOLLOWING THE HRA MEETING on Tuesday, February 19, 2002, in the Parkview Villa Community Room B, 965 40th Avenue N.E., Columbia Heights, Minnesota. The EDA does not discriminate on the basis of disability in the admission or access to, or treatment or employment in, its accommodation will be provided to allow individuals with disabilities to participate in all EDA services, programs, and activities. Auxiliary aids for handicapped persons are available upon request when the request is made at least 96 hours in advance. Please call the EDA Secretary at 706-3669 to make arrangements (TDD 706-2806) for deaf or hearing impaired only. CALL TO ORDER/ROLL CALL. PLEDGE OF ALLEGIANCE. ADDITIONS/DELETIONS TO MEETING AGENDA. CONSENT AGENDA (These items are considered to be routine by the EDA Board of Commissioners and will be enacted as part of the Consent Agenda by one motion.) A. Move to adopt the consent agenda items as listed below: 1) Approval of Minutes. a. The Regular Meeting of January 15, 2002. 2) Financial Report and Payment of Bills. a. Financial Statement for January, 2002. b. Payment of Bills for January, 2002. MOTION: Move to approve Resolution 2002-02, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the financial statement for January, 2002 and approving payment of bills for the month of January, 2002. ITEMS FOR CONSIDERATION. Adopt Resolution 2002-03, Amending and Restating the EDA Bylaws- Randy Schumacher. MOTION: Move to Adopt Resolution, 2002-03, a Resolution to Amend and Restate the Bylaws of the Columbia Heights Economic Development Authority. Adopt Resolution 2002-04, Approving and Ratifying the Terms of an Interfund Loan Policy and Approving the Interfund Loan Implementation Memorandum in Connection with TIF District No. 1 (P3)- Mark Nagel MOTION: Move to Adopt Resolution 2002-04, a Resolution Approving and Ratifying the terms of an Interfund Loan Policy and Memorandum in connection with Housing Redevelopment TIF District No. 1 (P3); and furthermore, authorize the President and Executive Director to enter into an agreement for the same. THE CITY OF COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN EMPLOYMENT OR THE PROVISION OF SERVICES I='QUAL OPPORTUNITY EMPLOYER Adopt Resolution 2002-05, Approving and Ratifying the Terms of $109,852 Internal Loan in Connection with TIF #4, Multi Plan Cargill District- Randy Schumacher. MOTION: Move to Adopt Resolution 2002-05, a Resolution Approving and Ratifying the terms of $109,852 Intemal Loan and Memorandum in Connection with TIF//4, Multi Plan Cargill, MURP K2 Tax Increment Financing District; and furthermore, authorize the President and Executive Director to enter into an agreement for the same. Consideration of a Resolution to Recommend City Council Adopt a Redevelopment Process relating to the Redevelopment of Industrial Properties- Randy Schumacher MOTION: Move to make Recommendation to City Council to Adopt a Resolution for a Redevelopment Process relating to the Redevelopment of Industrial Properties. 5. Approve Community Development Goals for 2002- Randy Schumacher. MOTION: Move to Approve the "Top 10" 2002 Goal Priorities for the Community Development Department. Approve Application 1998-12, CDBG Housing Rehabilitation Program- Randy Schumacher. MOTION: Move to approve the CDBG Housing Rehabilitation Deferred Grant/Loan Application for Grant #1998-12 in the amount of $18,475 for housing rehabilitation to Norling Exteriors, and the Center for Energy and Environment subject to meeting all program requirements; and furthermore, to direct staff to submit the loan application to Anoka County and authorize all related expenses to be reimbursed from Fund 202-46350-4600/3050. ADMINISTRATIVE REPORTS Report of the Acting Deputy Executive Director - Randy Schumacher. 1. Update on Fiber Optics 2. Update on Columbia Park Medical Group Parking Ramp Contract 3. GMHC List of Homes Report of the Executive Director - Walt Fehst. OTHER REPORTS 1. Housing Update 2. Resident Council Minutes for January and February, 2002 ADJOURNMENT Walter R. Fehst, Executive Director Clhe mission of the Co[um6ia Yfeigfits Bconomic q)eve[opment Auttiority is to provide financia[and technica[assistance aruf resources to residential, commercial, and industria[ interests to promote hea[tk safety, we[fare, economic deve[opment and redevelopment. H:\edaAgenda2002\2-19-2002 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) REGULAR MEETING MINUTES OF JANUARY 15, 2002 CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development Authority (EDA) was called to order by Executive Director, Walt Fehst, at 7:11 p.m., Tuesday, January 15, 2002, in the Parkview Villa Community Room B, 965 40t~ Avenue NE, Columbia Heights, Minnesota. ROLL CALL Commission Members Present: Robert Ruettimann, Patricia Jindra, Marlaine Szurek, Gary Peterson, Julienne Wyckoff, and Bruce Nawrocki Commission Members Absent: Bobby Williams Staff Present: Walt Fehst, Executive Director Randy Schumacher, Acting Community Development Director Anita Kottsick, Parkview Villa Housing Administrator Cheryl Bakken, Secretary OATH OF OFFICE The Oath of Office was administered by Walt Fehst for the re-appointment of Robert Ruettimann. ELECTION OF OFFICERS MOTION by Peterson, seconded by Wyckoff, for a unanimous vote of Robert Ruettimann, President; Pat Jindra, Vice President; Gary Peterson, Treasurer; Cheryl Bakken, Secretary ex-officio; William Elrite, Assistant Treasurer ex-officio; Randy Schumacher, Assistant Secretary ex-officio. All Ayes. MOTION CARRIED. President Vice President Treasurer Secretary Assistant Treasurer Assistant Secretary Robert Ruettimann Pat Jindra Gary Peterson Cheryl Bakken, Community Development Secretary William Elrite, Finance Director/City Clerk Randy Schumacher, Acting Deputy Executive Director CONSENT AGENDA (These items are considered to be routine by the EDA Board of Commissioners and will be enacted as part of the Consent Agenda by one motion). Adopt the consent agenda items as listed below. 1) Approval of Minutes - regular meeting of December 18 and Special Meeting of December 17,2001 2) Financial Report and Payment of Bills a. Financial Statement - December, 2001 b. Payment of Bills - December, 2001 MOTION by Nawrocki, second by Szurek, to adopt the consent agenda items as listed. All ayes. Motion Carried. Nawrocki again, requested the Financial Report be revised. Ruettimann clarified that Bill Elrite, Finance Director, has this task on his list of things to do and the Board should see something in the next month or so. Economic Development Authority (EDA) Minutes January 15, 2002 Page 2 of 5 Report of Management Kottsick reported on December 24, Elevator #2 was down and was reset the same day, and a clamp was replaced on the weekend of December 29th. Elevator #1 had a broken clamp, which prevented the door from shutting tight. Today the circulating pump seized up, which started the fire alarm and the middle fire doors didn't close. Kottsick expressed her concerns that Parkview isn't getting the proper service as listed in the contract and maybe the EDA should look for another company to perform the services. After some discussion, Ruettimann asked Fehst to meet with Kottsick and the contractor to discuss the maintenance services that should be provided under our contract. Nawrocki suggested staff drafi an agreement of expectations between the EDA and the service company prior to the meeting. Kottsick indicated the original applications for Parkview Villa South do not ask if they would like to be put on a waiting list for a wheelchair accessible unit. It, however, is asked on the annual update. She will add it to the Parkview Villa South application. Administrative Report The North building will have its Annual Inspections starting around the end of January. Kottsick will be on vacation the week of January 21s', but will be within paging range. Kari Wilson and Mary Milsten will be in the office to assist residents. Shirley Barnes, CEO, Crest View Corporation announced the Ground Breaking Ceremony for the 50 Unit Senior Assisted Living Facility will be held February 6, 2002 at 11:00 a.m. Szurek asked if the Management Report and Citizen Forum would be changed to the HRA for all future meetings. Schumacher clarified that Parkview Villa issues will be under the HRA starting in February at which time the bylaws will be revised to reflect the transfer of duties. Citizens Forum Barbara Camp, Apartment 608, indicated the snow has not been removed from the sidewalk on 40th Avenue, and also wanted to commend Anita Kottisk on the excellent job she did last year of managing Parkview Villa. Fehst stated that Public Works is suppose to clear the walkway and will make sure it is taken care of in the future. Reuben Baker, Apartment 206, requested someone check into two issues; 1) there is a hole left by the cable company just before the alley behind Parkview; and 2) the road is pitted on 4ffh and Central going northbound. Fehst will check into these issues also. Peterson recommended if residents see these types of problems, they should contact the City right away. ITEMS FOR CONSIDERATION Presentation by the Greater Metropolitan Housing Corporation Schumacher indicated staff met with Jennifer Bergman, Program Director for the Greater Metropolitan Housing Corporation (GMHC) to discuss their Housing Resource Center Program. The program provides free housing services like guidance in purchasing a home, financing, refinancing, or the construction/renovation process through two local offices in Northeast Minneapolis and Shoreview. Economic Development Authority (EDA) Minutes January 15, 2002 Page 3 of 5 Residents would be able to discuss their individual situation with the Resource Center staff, who will recommend the most effective program available, and assist them through each step of the process. Staff recommended the EDA Board approve an agreement with GMHC to participate in the Housing Resource Center, including the MHFA Rebate Program. He then introduced, Jennifer Bergman and Carolyn Olson from GMHC to explain the programs they offer. Carolyn Olson, Program Director gave the Board some background on GMHC. She stated the Greater Metropolitan Housing Corporation expands the housing resources to residents in the Twin Cities. They are a private non-profit organization, offer upfront redevelopment loans at a Iow interest rate to non- profit organizations, can provide major renovations to blighted homes, process commercial loans if they have homes attached to them, provide a total service package to residents, monitor of construction, permits and licensing of contractors, etc. just to name a few. Bergman explained that Columbia Heights could "piggyback" onto a new MHFA Rehab Incentive program that GMHC is developing for the North Metro 35W Corridor Coalition that would provide a cash rebate to homeowners who complete home improvement projects calculated as a percentage of construction. Homeowners with incomes at or below 50% of the median get a rebate of 15%; incomes between 50% and 80% receive 12%; incomes between 80% and 115% receive 10% with a maximum rebate of $3, 000. The cost for Columbia Heights signing onto the program would be $1 O, 000. Nawrocki negotiated with Bergman to pro-rate the cost of the program due to the fact that it will take approximately three months for them to set it up. Ruettimann indicated the program would fit nicely into the City and EDA's Goals for the future. Motion by Peterson, second by Wyckoff, to enter into an Agreement with the Greater Metropolitan Housing Corporation (GMHC), to participate in the Housing Resource Center Program. Upon Vote: Jindra- aye, Peterson- aye, Nawrocki- aye, Szurek- aye, Wyckoff- aye, Ruettimann- aye. Motion Carried. Nawrocki asked Bergman to provide the Board with a list of homes built by GMHC. Staff will obtain the document from Bergman and distribute to the Board. Approve Application 1998-05, CDBG Housing Rehabilitation Program Schumacher reported the Center for Energy and Environment (CEE) has prepared a Community Development Block Grant for housing rehabilitation at 4959 5th Street NE in the total amount of $11,520 to replace windows and doors, plumbing and flooring work, as well as make health and safety improvements to the property. The application needs Board approval and then it will be submitted to Anoka County for reimbursement. MOTION by Peterson, second by Szurek, to approve the CDBG Housing Rehabilitation Deferred Grant/Loan Application for Grant #C1998-05 in the amount of $11,520 for housing rehabilitation to Lloyd's Home Improvement, and the Center for Energy and Environment, subject to meeting all program requirements; and furthermore, to direct staff to submit the loan application to Anoka County and to authorize all related expenses to be reimbursed from Fund 202-46350-4600/3050. All ayes. Motion Carried. Economic Development Authority (EDA) Minutes January 15, 2002 Page 4 of 5 Acquisition of 3722 Central Avenue N.E. Schumacher indicated in June of 2000, the EDA Board made a decision to use Community Development Block Grant Funds to purchase non-conforming single-family homes along Central Avenue for redevelopment purposes. The property at 3 722 Central was appraised at $89,000 by Malcom Watson using a sales comparison approach. Due to the non-conforming use of the home Watson reduced the value by $16,500, which brought the appraisal down to $72,000. The owner at 3722 Central Avenue agreed on a purchase price of $80, 000 with an allocation orS1, 500for moving expenses. Staff drafted the Purchase Agreement, Rent Back Agreement, and Waiver of Relocation Benefits. Staff recommended the EDA Board make recommendation to City Council for approval of a Resolution authorizing the purchase of 3 722 Central Avenue for $80,000, with $1,500 additional funds for moving expenses from the Community Development Block Grant Commercial Revitalization fund. MOTION by Peterson, second by Szurek, to recommend to the Columbia Heights City Council, the adoption of a Resolution to purchase the property at 3722 Central Avenue for $80,000 and funds to be taken from the Community Development Block Grant Commercial Revitalization account and in addition, to allocate $1,500 for moving expenses from the same CDBG Fund. Upon Vote: Jindra- aye, Peterson- aye, Nawrocki- Nay, Szurek- aye, Wyckoff- aye, Ruettimann- aye. Motion Carried. Nawrocki stated that because the EDA does not have a stated purpose for the property he voted against the motion. Ruettimann stated that an opportunity arose for the City to move forward with commercial redevelopment, therefore, he voted in favor of the motion. Fehst indicated this is one of the top 5priorities on the 2002 Goals list that was established a week ago. ADMINISTRATIVE REPORTS Center for Energy and Environment Agreement Schumacher indicated that CEE has negotiated an agreement for the EDA with Anoka County to extend the Rehabilitation Grant funds for three more months, which would give CEE time to finalize the last three grants. Development of Lomianki Park Fehst indicated he met with Bruce Nedegaard in regards to the development of the south side of Lomianki Park. Nedegaard would like a six month agreement from the City for redevelopment purposes to allow predevelopment plans for a townhome development. Fehst will provide Councilmembers information prior to the worksession. Nawrocki indicated he met with a developer and felt they would be very qualified to bid on work in the City. Fehst stated that when the City Council makes the decision to move forward with the bidding process we will make sure that the developer gets a copy sent to them. Ruettimann stated that he felt the 2002 Goals developed from the planning meeting that was held, not be published in the Heights Happening, as nothing on the list has officially been decided upon, and may cause some confusion and speculation by residents. Fehst and Schumacher will discuss this further before deciding what will be published. Economic Development Authority (EDA) Minutes January 15, 2002 Page 5 of 5 MEETINGS The next EDA meeting is scheduled for 6:30 p.m., Tuesday, February 19, 2002 in Community Room B at Parkview Villa. ADJOURNMENT President, Ruettimann, adjourned the meeting at 9:02 p.m. Respectfully submitted, Cheryl Bakken Recording Secretary H :\EDAminutes2002\ 1-15-2002 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2002 AGENDA SECTION: Consent Agenda ORIGINATING EXECUTIVE NO: DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Financial Report and Payment of Bills BY: Randy Schumacher BY: DATE: February 10, 2002 BACKGROUND: The bound Financial Report for January 1, 2002 Check Listing (green sheets), and draft Resolution 2002-02 are attached for review. The enclosed Financial Report lists the Revenue Guideline (pink sheets), the Expenditure Guideline (yellow sheets), Expenditure Guideline with Detail (white sheets), and Balance Sheet (blue sheets), for each fund and department. The report covers the activity in the calendar (fiscal) year from January 1 through January 31, 2002. The Check History shows each fund with an expenditure history during the month of January, 2002. The total disbursements by fund are shown at the top of the listing. RECOMMENDATION: Staff will be available to answer specific questions. If the report is satisfactorily complete, we recommend the Board take affirmative action to receive the Financial Report and approve the payment of bills. RECOMMENDED MOTION: Move to approve Resolution 2002-02, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the Financial Statement for January, 2002 and Payment of Bills for the month of January, 2002. EDA ACTION: ~: \Consent2002 ~Jan. FinRep2002 EDA RESOLUTION 2002-02 RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) APPROVING THE FINANCIAL STATEMENT FOR JANUARY, 2002 AND PAYMENT OF BILLS FOR THE MONTH OF JANUARY, 2002. WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all receipts and disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if correct, to approve them by resolution and enter the resolution in its records; and WHEREAS, the financial statement for the month of January, 2002 and the list of bills for the month of January, 2002 are attached hereto and made a part of this resolution; and WHEREAS, the EDA has examined the financial statement and the list of bills and finds them to be acceptable as to both form and accuracy. NOW,THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the attached financial statements and list of bills, which are attached hereto and made a part hereof, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the list of bills as presented in writing are approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution and attachments are to be made a part of the permanent records of the Columbia Heights Economic Development Authority. Passed this __ day of ., 2002. MOTION BY: SECONDED BY: AYES: NAYS: Robert Ruettimann, President Attest by: Cheryl Bakken, Secretary H;\Resolutions2002k2002-02 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2001 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Adopt Resolution 2002-03, a BY: Randy Schumacher BY: Resolution to Amend and Restate the Bylaws DATE: February 12, 2001 BACKGROUND: The EDA adopted Resolution 2001-18 on November 20, 2001, transferring the control, authority and operation of all housing programs and projects from the Columbia Heights EDA to the HRA, as well as all real property and contracts. It was determined at the January, 2002 Board meeting that the EDA Bylaws needed to be revised to meet the current status of the authority. The Board authorized staff to consult Steve Bubul, Kennedy and Graven, Chartered, to amend and restate the Bylaws, which staff has been provided for approval. RECOMMENDATION: Staff recommends Board adoption of Resolution 2002-03, amending and restating the Bylaws of the Columbia Heights Economic Development Authority (EDA). RECOMMENDED MOTION: Move to Adopt Resolution 2002-03, a Resolution to Amend and Restate the Bylaws of the Columbia Heights Economic Development Authority. Attachments EDA ACTION: h:\consent Form2002\Adopt Res. 2002-03 EDA Bylaws RESOLUTION 2002-03 RESOLUTION TO AMEND AND RESTATE THE BY-LAWS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA. WHEREAS, the Bylaws of the Economic Development Authority (Authority), dated January 8, 1996 and amended in April 20, 1999, are in need of revision due to the transfer of certain projects and programs to the Columbia Heights Housing and Redevelopment Authority per Resolution 2001-18, signed on November 20, 2001. WHEREAS, the proposed changes to the Bylaws have been reviewed by the Authority Commissioners and Staff and found satisfactory; THEREFORE BE IT RESOLVED that the revised Bylaws of the Economic Development Authority of Columbia Heights, Minnesota were adopted as written. Passed this day of ,2002. Robert Ruettimann, President Cheryl Bakken, Secretary H:\Resolufions2002'tEDA2002-03 AMENDED AND RESTATED BYLAWS OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY ARTICLE I - THE AUTHORITY Section 1. NAME OF AUTHORITY. The name of the Authority is the "Columbia Heights Economic Development Authority." Section 2. OFFICE OF AUTHORITY. The offices of the Authority are at City Hall in the City of Columbia Heights, Minnesota. The Authority may hold its meetings at such other place or places as it designates by resolution. Section 3. COMMISSIONERS. The Authority is governed by seven commissioners appointed in the manner prescribed by City Council Resolution No. 96-01, as amended (Enabling Resolution) and Minnesota Statutes, Sections 469.090 to 469.1081 (Act). Section 4. OFFICIAL SEAL. The Authority shall have an official seal, which shall be in the form of a circle and shall bear the name of the Authority and the year of its organization. ARTICLE I1 - OFFICERS Section 1. OFFICERS. The officers of the Authority are the President, the Vice-President, the Secretary, the Treasurer and the Assistant Treasurer. The President, Vice President, Treasurer and Secretary shall be elected annually. The Assistant Treasurer shall be elected at the organizational meeting of the Authority and shall serve until another person is elected by action of the Authority. No commissioner may serve as President and Vice President at the same time. The offices of Secretary and Assistant Treasurer need not be held by a commissioner. Section 2. PRESIDENT. The President presides at meetings of the Authority. Except as otherwise authorized by resolution of the Authority, the President signs contracts, deeds and other instruments made by the Authority. At each meeting, the President may submit recommendations and information concerning the business, affairs and policies of the Authority.- At the annual meeting, the President must submit to the Authority a report summarizing the activities and programs of the Authority for the past year and containing the President's recommendations for Authority activities for the ensuing year. Section 3. VICE-PRESIDENT. The Vice-President performs the duties of the President in the absence or incapacity of the President; and in case of the disability or absence of the President, or in the case of a vacancy in the office of President, the Vice-President performs the duties of the President until a successor has been appointed and qualifies. Section 4. SECRETARY. The Secretary performs the duties of a secretary for the Authority. SJB98563 CL162-13 Section 5. TREASURER. The Treasurer has the duties given by the Act. Section 6. EXECUTIVE DIRECTOR. The Columbia Heights City Manager is the Executive Director of the Authority and has general supervision over the administration of its business and affairs subject to the direction of the Authority and signs contracts, deeds and other instruments made by the Authority. The Executive Director is responsible for the management of the projects and general affairs of Authority under the direction of the Commissioners. Section 7. OTHER ADMINISTRATIVE OFFICERS. Subdivision 1. Assistant Secretary. The Authority may designate an assistant to the Secretary to keep the records of the Authority, record the meetings of the Authority in a journal of proceedings to be kept for that purpose and to perform the duties of secretary under the direction of the Secretary. The assistant must keep in safe custody the seal of the Authority and may affix the seal to contracts and instruments authorized by the Authority. Subd. 2. Assistant Treasurer. The Assistant Treasurer of the Authority has custody of funds of the Authority. The Assistant Treasurer must deposit the funds in the name of the Authority in a bank or banks selected by the Authority. The Executive Director and the Assistant Treasurer must sign orders and checks for the payment of money and pay out and disburse such monies under the direction of the Authority. Except as otherwise authorized by resolution of the Authority, orders and checks must also be countersigned by the President. The Assistant Treasurer must keep regular books of accounts showing Authority receipts and expenditures and render to the Authority, at the annual meeting (and when requested by the Authority), an account of the financial condition of the Authority. Subd. 3. Deputy Executive Director. The Columbia Heights Community Development Director is the Deputy Executive Director and performs such duties and services as specified by the Executive Director, subject to direction of the Authority. In the absence or incapacity of the Executive Director, the Deputy Executive Director may sign contracts, deeds and other instruments made by the Authority. Section 8. COMBINING ADMINISTRATIVE OFFICES. Administrative offices may be combined. Section 9. ADDITIONAL DUTIES. The officers of the Authority perform other duties and functions as may from time to time be required by the Authority, these bylaws or the rules and regulations of the Authority. Section 10. VACANCIES. If the office of President, Vice-President, Treasurer, Assistant Treasurer or Secretary becomes vacant, pursuant to Minnesota Statutes 351.02 or by other provisions of law, the Authority must elect a successor at the next regular meeting or at a special meeting called for that purpose. The successor serves for the unexpired term of the office. SJB98563 CL162-13 ARTICLE III - MEETINGS Section 1. REGULAR MEETINGS. Monthly meetings are held without notice at the regular meeting place of the Authority on the of each month at __ p.m. unless that date is a legal holiday, in which case the meeting will be held on the next succeeding business day. In the event the date/time/meeting place of a particular meeting must be changed, the Executive Director may make such change deemed necessary by notifying all Commissioners of the revised meeting time and date in accordance with the procedures for a special meeting. Section 3. SPECIAL MEETINGS. Special meetings of the Board of Commissioners may be called by the President, two members of the Board of Commissioners, or the Executive Director for the purpose of transacting any business designated in the call. The call (including location of meeting) for a special meeting must be delivered to Commissioners at least two days before the meeting, and notice of the meeting must be posted in the Authority's offices at least three days before the meeting. At a special meeting, no business may be considered other than designated in the call, but if all the members of the Authority are present at a special meeting any business may be transacted at such special meeting by unanimous vote. Section 4. QUORUM. The powers of the Authority are vested in the commissioners in office from time to time. Four commissioners constitute a quorum for the purpose of conducting business, but a smaller number may adjourn from time to time until a quorum is present, and when a quorum is not present, a smaller number may adjourn the meeting. Section 5. ORDER OF BUSINESS. The following is the order of business at regular meetings of the Authority. 2. 3. 4. 5. 6. Roll call. Approval of minutes of the previous meeting. Management Report. Consent. All other items. Adjournment. Section 6. RESOLUTIONS: CONDUCT. Upon direction of the President, or the motion by two members of the Board of Commissioners, resolutions must be in writing and placed in the joumal of the proceedings of the Authority. The meeting will be conducted in accordance with Roberts Rules of Order, Revised. Section 7. MANNER OF VOTING. Voting on questions coming before the Authority must be entered in the minutes of the meeting. When a quorum is in attendance, action may be taken by the Authority upon a vote of the majority of the commissioners. SJB98563 CL162-13 3 ARTICLE IV - MISCELLANEOUS Section 1. FISCAL YEAR. The fiscal year of the Authority shall be the same as the City's fiscal year. Section 2. TREASURER'S BOND. The Treasurer shall give bond to the state conditioned for the faithful discharge of official duties. The bond must be approved as to form and surety by the Authority and filed with the Secretary and must be for twice the amount of money likely to be on hand at any one time as determined at least annually the Authority, provided, however, that the bond must not exceed $300,000. Section 3. REPORT TO CITY. The Authority shall annually, at a time designated by the City, make a report tot he City Council giving a detailed account of its activities and of its receipts and expenditures for the preceding calendar year. The Authority shall, at the City's request, make available all records necessary to conduct an audit of the Authority's finances. Section 4. BUDGET. The Authority shall annually send its budget to the City Council which budget includes a written estimate of the amount of money need by the Authority fi.om the City in order for the Authority to conduct business during the upcoming fiscal year. Section 5. SERVICES. The Authority may contract for services of consultants, agents and others as needed to perform its duties and to exercise its powers. The Authority may also use the services of the City Attomey or hire a general counsel, as determined by the Authority. The Authority may not hire temporary or permanent employees without prior approval of the City Council. Section 6. AMENDMENTS TO BYLAWS. The bylaws of the Authority may be amended only with the approval of at least four commissioners at a regular meeting or at a special meeting called for that purpose. Amended and Restated Bylaws Approved: ,2002. Cheryl Bakken, Secretary SJB98563 CL162-13 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2002 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: ~ DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Adopt Resolution 2002-04, Approving BY: Mark Nagel BY: and Ratifying the Terms of an Interfund Loan DATE: February 13, 2002 Policy and Approving the Interfund Loan Implementation Memorandum in Connection with Housing Redevelopment TIF District No. 1 (P3) BACKGROUND: On December 17, 2001, the EDA Board adopted Resolution 2001-20, modifying the Downtown Central Business District (CBD) Revitalization Plan for the CBD Development Project and adopting a modification to TIF District No. 1, the scattered site district. Shelley Eldridge, Ehlers & Associates has prepared the attached documents to establish an Interfund Loan and Memorandum. The principal of $117,600 assumes a 7% interest rate and includes 5 properties redeveloped at a new market value of $135,000. Included in the repayment revenue is $10,000 of increment, being generated from the existing District. RECOMMENDATION: Staff recommends Board adoption of Resolution 2002-04, approving and ratifying the terms of an Interfund Loan Policy and Memorandum in connection with TIF District No. 1 (P3). RECOMMENDED MOTION: Move to Adopt Resolution 2002-04, a Resolution Approving and Ratifying the terms of an Interfund Loan Policy and Memorandum in connection with Housing Redevelopment TIF District No. 1 (P3); and furthermore, authorize the President and Executive Director to enter into an agreement for the same. Attachments EDA ACTION: h:\consent Form2002~Adopt Res. 2002-04 Interfund Loan (P3) COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2002-04 APPROVING AND RATI3'YING THE TERMS OF AN INTERFUND LOAN POLICY IN CONNECTION WITH HOUSING REDEVELOPMENT TIF DISTRICT NO. 1 BE IT RESOLVED BY THE BOARD OF COMMISSIONERS ("BOARD") OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY ("AUTHORITY") AS FOLLOWS: Section 1. Background. 1.01. The Authority has heretofore approved the establishment of the Housing Redevelopment Tax Increment Financing District No. 1 (the "TIF District") within Central Business Redevelopment District (the "Project"), and has adopted a tax increment financing plan (the "TIF Plan") for the purpose of financing certain improvements within the Project. 1.02. Under Minnesota Statutes, Section 469.178, Subdivision 7, the Authority is authorized to advance or loan money from the Authority's general fund or any other fund from which such advances may be legally made, in order to finance costs which may otherwise be paid pursuant to the TI3' Plan (the "Qualified Costs"). 1.03. The Authority intends to reimburse itself for the Qualified Costs from tax increments derived fi:om the TIF District in accordance with the terms of the Policy set forth in this Resolution. Section 2. Terms of TIF Loans. 2.01. The Authority is hereby authorized to make one or more loans from its general fund, or any other source fi:om which such loans may be made, to pay Qualified Costs. 2.02. The maximum principal amount of any single loan made pursuant to this Policy shall be $117,600 (each such loan is referred to herein as a "Loan"). 2.03. Interest shall accrue on a Loan at a rate not to exceed the greater of (a) the rate specified under Minnesota Statutes, Section 270.75, or (b) the rate specified under Minnesota Statutes, Section 549.09. The interest rate for each calendar year during the term of the TW Loan will be determined as of each January 1, using the maximum rate under clauses (a) or (b) in effect as of that date. 2.02. Principal and interest ("Payments") on a Loan shall be paid semi-annually on each August 1 and February 1 commencing on such date as may be determined by the Authority and continuing thereafter to and including the earlier of (a) the date the principal and accrued interest of the TIF Loan is paid in full, or (b) the date of last receipt of tax increment from the TIF District ("Payment Dates"). Payments will be made in the amount and only to the extent of Available Tax Increment as hereinafter defined. Payments shall be applied first to accrued interest, and then to unpaid principal. Interest accruing from the date of each expenditure to the first Payment Date shall be compounded semiannually on February 1 and August 1 of each year and added to principal. 1 2.03. Unless otherwise determined by the Authority, Payments on a Loan shall be payable solely fi.om "Available Tax Increment," which shall mean, on each Payment Date, all of the tax increment generated in the preceding six (6) months with respect to the property within the TIF District and remitted to the Authority by Anoka County, all in accordance with Minnesota Statutes, Sections 469.174 to 469.179. Unless otherwise approved by the Authority, payments on a Loan are subordinate to any outstanding or future bonds, notes, or contracts secured in whole or in part with Available Tax Increment, and are on parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax Increment. 2.04. The principal sum and all accrued interest payable under this TIF Loan are pre- payable in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall affect the amount or timing of any other regular payment otherwise required to be made under this TIF Loan. 2.05. Unless otherwise approved by the Authority, a Loan shall be a limited obligation payable solely fi.om Available Tax Increment pledged to the payment hereof under this resolution. Unless otherwise approved by the Authority: (i) a Loan and the interest hereon shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority; (ii) neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on this TIF Loan or other costs incident hereto except out of Available Tax Increment; (iii) neither the full faith and credit nor the taxing power of the State of Minnesota or any political subdivision thereof shall be pledged to the payment of the principal of or interest on this TIF Loan or other costs incident hereto; and (iv) the Authority shall have no obligation to pay any principal amount of the TIF Loan or accrued interest thereon, which may remain unpaid after the final Payment Date. 2.06. The Authority may amend the terms of this Policy at any time by resolution of the Authority's Board of Commissioners, including a determination to forgive the outstanding principal amount and accrued interest to the extent permissible under law. Section 3. Implementation. Prior to any Loan being made, the Board's staff and consultants are directed to submit to the Board of the Authority the amount, use, duration, repayment source, and other relevant terms of the proposed loan, at which time the Board may either approve, deny, or modify the proposed terms. Section 4. Effective Date. This resolution is effective upon the date of its approval. Adopted this day of ., 2002. ATTEST: Robert Ruettimann- President Walter R. Fehst- Executive Director 2 I) I~.') 1 Dfl??vl From: Date: Project: COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY INTERFUND LOAN IMPLEMENTATION MEMORANDUM Mark Nagel February 13, 2002 Housing Redevelopment TIF Pursuant to Columbia Heights Economic Development Authority Resolution No. 2002-04, an interfund loan is being proposed to pay costs to be incurred in relation to Housing Redevelopment Tax Increment Financing District No. 1. The loan is proposed to be made under the following terms and conditions: Amount: $117,600 Parkview Villa North's Reserve Fund 22 years (District expires 12/31/23) Date of first payment: August 1, 2002 Repayment source: Tax Increments Interest rate: 7% 2. Source: 3. Duration: o 4. 5. 6. Approvedthis day of .,2002. ATTEST: Robert Ruettimann- President Walter R. Fehst- Executive Director H:\TIF2002Xlnterfund Loan Implementation Memo DJG-210041vl CL205-3 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) REGULAR MEETING MINUTES OF DECEMBER 17, 2001 CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development Authority (EDA) was called to order by Vice President, Jindra at 6:01 p.m., Monday, December 17, 2001, in Conference Room 1, City Hail, 590 40~h Avenue NE, Columbia Heights, Minnesota. ROLL CALL Commission Members Present: Commission Members Absent: Staft Present: Patricia Jindra, Marlaine Szurek, Gary Peterson, Julienne Wyckoff, Bruce Nawrocki, and Bobby Williams Robert Ruettimann Walt Fehst, Executive Director Randy Schumacher, Acting Community Dev. Director Cheryl Bakken, Secretary Tim Johnson, City Planner Mark Nagel, Housing Assistant ITEMS FOR CONSIDERATION Other Resolutions. Approve Resolution 2001-20, Modifying the Downtown Central Business District (CBD) Revitalization Plan for the CBD Redevelopment Pro|ect and the Modification of Housing Redevelopment TIF District #1 (P3) Schumacher indicated that on May 27, 1997, the Columbia Heights City Council approved a scattered site redevelopment TIF District to facilitate redevelopment of substandard single- family homes. Tax increments from the 56parcels were to be used to finance land acquisition, demolition, relocation, and related development costs. Shelley Eldridge, Ehlers & Associates explained that after reviewing progress of the district, it was determined the City needs to show activity and any modifications be completed on each of the 56parcels by September 8, 2002 or they will be dropped from the District. This would reduce the TIF revenue generated. The following steps can be taken: 1) add l O parcels to the District to increase the revenue stream; 2) complete a projection of funds; 3) expend the projected funds prior to the September 8, 2002 deadline; and 4) City funds spent in the past 4 years on the parcels will be reimbursed by the District and spent on other housing activities within the District. Nawrocla' asked if the District encompassed the entire City, or certain areas. Eldridge explained that the maps in the agenda packet show where the properties are located, and explained that they are scattered throughout the City. ?eterson indicated that if any of the affected property owners would upgrade their home, the City would receive the tax credits. MOTION by Peterson, second by Szurek, to waive the reading of Resolution 2001-20, there being ample copies available to the public. All ayes. Motion Carried. ~ Economic Development Authority Meeting Minutes December 17, 2001 Page 2 of 3 MOTION by Nawrocki, second by Wyckoff, to adopt Resolution 2001-20, a Resolution Modifying the Downtown Central Business District (CBD) Revitalization Plan for the CBD Redevelopment Project and the Modification of Housing Redevelopment Tax Increment Financing District No. 1 (P3). All ayes. Motion Carried. Other Business. CDBG Pro,ram Application for 2002 Schumacher indicated that the EDA is required to submit the 2002 CDBG Program Application to Anoka County requesting funds for potential projects no later than January 11, 2002. The application will also be presented to City Council for approval. Anoka County's total grant amount for 2002 is approximately $1,864,000, of which $1,114,500 is available for cities and townships. Each project submitted is limited to a maximum amount of $300, 000. In order to qualify for the CDBG Program funds the project must meet one of three objects; 0 benefit low to moderate income families; 2) show prevention or elimination of slums or blighted areas; and 3) provide an urgent need in the City. Federal regulations include Davis-Bacon labor standards, environmental, fair housing, relocation, lead-based paint, equal opportunity, record keeping, and auditing. Staff considered the following plans: · A planning study for an Industrial Park, which wouldprovide an inventory of existing businesses, market analysis of properties, and facts to determine the highest and best use of land and buildings for approximately $65,000-70,000 based on the proposal from Hoisington Koegler Group. · The acquisition ofdeteriorated/non-conformingproperties in the City. · Additional funds to support Community Fix-Up Loans for a maximum of $300,000. Schumacher indicated that ACCAP has initiated two of the ten total grants received and will continue to finalize them, whereas, CEE has only processed, a total of three all year, with five left to finalize. Of the three possible plans, staff recommended submittal of the Industrial Park Redevelopment Planning Study to Anoka County. V~yckoff felt that the City has had too many studies done on it with no action taken. She would like to see an industrial park or a townhome project put in the vicinity of 3 7~ and University. Williams indicated that he drove through the City's industrial area at 3 7th and University, and was embarrassed at the way it's underdeveloped, run down and dirty. }Villiams stated the Board, needs to focus on this area, as it is the gateway to our City on University Avenue. He would like to see a new industrial park redevelopment put in. Johnson explained there was little time to prepare this application, therefore, he chose to get a proposal from Hoisington Koegler, a firm he has worked with before, but will pursue another proposal or two for Board approval, if they choose to approve the motion for the Industrial Park Redevelopment Planning Study. COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY CITY OF COLUMBIA HEIGHTS ANOKA COUNTY STATE OF MINNESOTA RESOLUTION NO. 2001-20 RESOLUTION ADOPTING A MODIFICATION TO TI~. DOWNTOWN CENTRAL BUSINESS DISTRICT (CBD) REVITALIZATION PLAN FOR CBD REDEVELOPMENT PROJECT AND ADOPTING A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR HOUSING REDEVELOPMENT TAX INCREMENT FINANCING DISTRICT NO. 1 THI~,REIN. WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of the Economic Development Authority (the "EDA") and the City of Columbia Heights (the "City") that the EDA adopt a Modification to the Downtown Central Business District (CBD) Revitalization Plan for the CBD Redevelopment Project and adopt a Modification to the Tax Increment Financing Plan (the "Modifications") for Housing Redevelopment Tax Increment Financing District No. 1 therein (the "District"), all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.090 through 469.1081, and Sections 469.174 to 469.179, inclusive, as amended (the "Act"), all as reflected in the Modifications and presented for the Board's consideration; and WHEREAS, the EDA has investigated the facts relating to the Modifications and has caused the Modifications to be prepared; and WHEREAS, the EDA has performed all actions required by law to be performed prior to the adoption of the Modifications. The EDA has also requested the City Planning Commission to provide for review of and written comment on the Modifications and that the Council schedule a public hearing on the Modifications upon published notice as required by law. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: 1. The EDA hereby reaffirms that the District as modified herein is in the public interest and is a "redevelopment district" under Minnesota Statutes, Section 469.174, Subd. 10 (afro and fmds that the Modifications conform in all respects to the requirements of the Act and will help fulfill a need to develop an area of the Sate of Minnesota which is akeady .built up and that the adoption of the propose Modifications will help provide redevelopment to the housing stock and thereby serves a public proposed. 2. The EDA further finds that the Modifications will afford maximum opportunity, consistent with the sound needs for the City as a whole, for the development or redevelopment of the project area by private enterprise in that the intent is to provide only that public assistance necessary to make the private developments financially feasible. 3. Conditioned upon the approval thereof by the City Council following its public hearing thereon, the Modifications, as presented to the EDA on this date, are hereby approved, established and adopted and shall be placed on file in the office of the Deputy Clerk. 4. Upon approval of the Modifications by the City Council, the staff, the EDA advisors and legal counsel are authorized and directed to proceed with the implementation of the Modifications and for this purpose to negotiate, draR, prepare and present to this Board for its consideration all further plans, resolutions, documents and contracts necessary for this purpose. Approval of the Modifications does not constitute approval of any project or a Development Agreement with any developer. 5. Upon approval of the Modifications by the City Council, the Deputy Clerk is authorized and directed to forward a copy of the Modifications to the Minnesota Department of Revenue. 6. The Deputy Clerk is authorized and directed to forward a copy of the Modifications to the Anoka County Auditor and request that the Auditor certify the original tax capacity of the District as described in the Modifications, all in accordance with Minnesota Statutes 469.177. Approved by the Board of Commissioners of the Economic Development Authority this 17~ day of December, 2001. ATTEST: Cheryl Bakken, Secretar3 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2002 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Adopt Resolution 2002-05, Approving BY: Randy Schumacher BY: and Ratifying the Terms of $109,852 Internal DATE: February 13, 2002 Loan in Connection with TIF #4, Multi Plan Cargill District BACKGROUND: Shelly Eldridge, Ehlers & Associates, Inc. has reviewed the Interfund Loans that were noted in the Financial Statements for the Tax Increment Financing Districts. The 2001 law change ratifies any districts with a negative balance prior to August 1, 2001. Any further, expenditures that would increase the negative balance in a district must have an Interfund Loan (IFL) set up prior to those expenditures. Staff has discussed with Eldridge ratifying those districts with negative balances whether or not they are incurring additional IFL balances. It appears that the earlier districts, for which the increments are paying the bonds, have had resolutions adopted to establish those loans and therefore, no further action is necessary. However, the MURP K2 District has a negative balance as of December 31, 2000. The law requires the resolution ratify the highest negative amount and according to the December 31, 1998 Financial Statements, the amount was $109,852 loaned from the TIF Debt Service Fund. The Board needs to make a decision as to whether, at the point of the resolution, an interest rate needs to be established. At this point, there is no interest being charged. Eldridge has provided the attached Resolution and Loan Implementation Memorandum for Board approval. RECOMMENDATION: Staff recommends Adoption of Resolution 2002-05, Approving and Ratifying the terms of $109,852 Internal Loan and Memorandum in connection with TIF District K2. RECOMMENDED MOTION: Move to Adopt Resolution 2002-05, a Resolution Approving and Ratifying the terms of $109,852 Internal Loan and Memorandum in Connection with TIF #4, Multi Plan Cargill, MURP K2 Tax Increment Financing District; and furthermore, authorize the President and Executive Director to enter into an agreement for the same. Attachments EDA ACTION: consent Form2002\Res. 2002-05 Internal Loan for K2 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY INTERFUND LOAN IMPLEMENTATION MEMORANDUM From: Randy Schumacher Date: February 13, 2002 Project: TIF 4 Multi Plan Cargill (MURP - K2) Pursuant to Columbia Heights Economic Development Authority Resolution No. 2002-05, an interfund loan is being proposed to pay costs to be incurred in relation to MURP Tax Increment District incurred in 1997 and 1998. 2. 3. 4. 5. 6. The loan is being ratified under the following terms and conditions: Amount: $109,852 Source: TIF Debt Service (according to Financial Statement Notes) Duration: District expires 12/31/18 Date of first payment: August 1, 2002 Repayment source: Tax Increments Interest rate: 0% Approved this day of ,2002. ATTEST: Robert Ruettimann- President Walter R. Fehst- Executive Director H:\TIF2002\Interfund Loan 1422 Murp Disffict DJG-210041vl CL205-3 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2002-05 APPROVING AND RATIFYING THE TERMS OF $109,852 INTERNAL LOAN IN CONNECTION WITH TIF 4 MULTI PLAN CARGILL (MURP - K2) TAX INCREMENT FINANCING DISTRICT. BE IT RESOLVED BY THE BOARD OF COMMISSIONERS ("BOARD") OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY ("AUTHORITY") AS FOLLOWS: Section 1. Background. 1.01. The Authority has heretofore approved the establishment of MURP (K2) Tax Increment Financing District (the "TIF District") within Central Business Redevelopment District (the "Project"), and has adopted a tax increment financing plan for the purpose of financing certain improvements within the Project. 1.02. The Authority determined to pay for certain costs identified in the TIF Plan consisting of acquisition and site improvement costs (collectively, the "Qualified Costs"), which costs were financed on a temporary basis fi.om the TIF Bonds fund pursuant to a disbursement from such fund of $109,852 on December 31, 1998. 1.03. Under Minnesota Statutes, Section 469.178, Subdivision 7, the Authority is authorized to advance or loan money fi.om the Authority's general fund or any other fund from which such advances may be legally made, in order to finance the Qualified Costs and to ratify any such advances or loans made prior to August 1,2001. 1.04. The Authority intends to reimburse itself for the Qualified Costs fi.om tax increments derived fi.om the TIF District in accordance with the terms of this resolution (which terms are referred to collectively as the "TIF Loan''). Section 2. Terms of TIF Loan. 2.01. The Authority shall repay to the Authority fund fi.om which the Qualified Costs are initially paid, the principal amount of $109,852 together with interest on the principal amount expended accruing from the date of each initial expenditure, at the greatest of (a) the rate specified under Minnesota Statutes, Section 270.75, or (c) the rate specified under Minnesota Statutes, Section 549.09. The interest rate for each calendar year during the term of the TIF Loan will be determined as of each January 1, using the maximum rate under clauses (a) or (b) in effect as of that date. 2.02. Principal and interest ("Payments") shall be paid semi-annually on August 1, 2002 and each August 1 and February 1 thereafter to and including the earlier of (a) the date the principal and accrued interest of the TIF Loan is paid in full, or (b) the date of last receipt of tax increment from the TIF District ("Payment Dates") which Payments will be made in the amount and only to the extent of Available Tax Increment as hereinafter defined. Payments shall be applied first to accrued interest, and then to unpaid principal. Interest accruing fi.om the date of each expenditure to the first Payment Date shall be compounded semiannually on February 1 and August 1 of each year and added to principal. DI~-?0707Rvl I 2.03. Payments on this TW Loan are payable solely fi.om "Available Tax Increment," which shall mean, on each Payment Date, all of the tax increment generated in the preceding six (6) months with respect to the property within the TIF District [or name other districts] and remitted to the Authority by Anoka County, all in accordance with Minnesota Statutes, Sections 469.174 to 469.179. Payments on this TIF Loan are subordinate to any outstanding or future bonds, notes or contracts secured in whole or in part with Available Tax Increment, and are on parity with any other outstanding or future interfund loans secured in whole or in part with Available Tax Increment. 2.04. The principal stun and all accrued interest payable under this TIF Loan are pre-payable in whole or in part at any time by the Authority without premium or penalty. No partial prepayment shall affect the amount or timing of any other regular payment otherwise required to be made under this TIF Loan. 2.05. This TIF Loan is evidence of an internal borrowing by the Authority in accordance with Minnesota Statutes, Section 469.178, subdivision 7, and is a limited obligation payable solely from Available Tax Increment pledged to the payment hereof under this resolution. This TIF Loan and the interest hereon shall not be deemed to constitute a general obligation of the State of Minnesota or any political subdivision thereof, including, without limitation, the Authority. Neither the State of Minnesota, nor any political subdivision thereof shall be obligated to pay the principal of or interest on this TIF Loan or other costs incident hereto except out of Available Tax Increment, and neither the full faith and credit nor the taxing power of the State of Minnesota or any political subdivision thereof is pledged to the payment of the principal of or interest on this TIF Loan or other costs incident hereto. The Authority shall have no obligation to pay any principal amount of the TI~' Loan or accrued interest thereon, which may remain unpaid a~er the final Payment Date. 2.06. The Authority may amend the terms of this T~ Loan at any time by resolution of the Authority's Board of Commissioners, including a determination to forgive the outstanding principal amount and accrued interest to the extent permissible under law. Section 3. Ratification. 3.01. The Board ratifies all actions of its staff and consultants in making the TIF Loan, and in making all the prior repayments. Staff is authorized and directed to attach to this resolution schedules indicating the payments applied to the TIF Loan and the outstanding principal amount of the TIF Loan as of the date of approval of this resolution. 3.02. The Board authorizes and directs staff to take all actions necessary to repay the outstanding balance of the TIF Loan in accordance with this resolution. Section 4. Effective Date. This resolution is effective upon the date of its approval. Adopted this day of ,2002. ATTEST: Robert Ruettimann- President H:hResolution2002~EDA2002-05 Walter R. Fehst- Executive Director COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2001 AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE NO: DEPARTMENT: EDA DIRECTOR APPROVAL ITEM: Consideration of a Resolution to BY: Randy Schumacher BY: Recommend City Council Adopt a DATE: February 11, 2001 Redevelopment Process relating to the Redevelopment of Industrial Properties. BACKGROUND: The number one Community Development Department Goal for 2002 relates to the development of Industrial property in Columbia Heights. Staff has met with representatives from The Beard Group, Dunbar Development, John Allen Industrial Equities, and Welch Companies, and additional meetings have been scheduled with GSR Development, Hartford Company and United Properties for the week of February 19, 2002. All of these companies have well, established credentials in the Twin Cities area and are capable of quality redevelopment projects. Most importantly, all have shown interest in the redevelopment of the industrially zoned property in the southwest part of the City. In a February 6th meeting with representatives of the Welsh Companies, the discussion centered on possible approaches for handling the process of or redevelopment of the industrial area near 37~h and University. One approach would be to gather more site information through the CDBG grant and a Phase 1 Environmental Report before proceeding with a detailed Request for Proposal (RFP), while the other approach would focus on moving forward with a Request for Qualifications (RFQ), selecting a firm to work with immediately on the planning grant and Phase I on the redevelopment. Bob Long of the Welsh Companies has done a nice job of outlining the pros and cons of both approaches. The RFQ is a faster, streamlined process than the RFP, and if the RFQ process does not produce an acceptable partner, then the RFP process can proceed with no loss of time. RECOMMENDATION: Staff recommends the EDA Board make recommendation to City for approval of a Resolution for a redevelopment process relating to the Redevelopment of Industrial Properties in Columbia Heights. RECOMMENDED MOTION: Move to make Recommendation to City Council to Adopt a Resolution for a redevelopment process relating to the Redevelopment of Industrial Properties. Attachments EDA ACTION: h:\consent Form2002\Consideration of RFQ to City Council Date: From: TO: Subj ec 2/8/02 6:00 PM Bob Long Randy Schumacher Comments for Report on Development Process Randy, Dave Stokes and I enjoyed meeting with you, Walt, Mark and your other staff member whose name escapes me on Wed. As promised, I am preparing for you a very rough draft of comments on the Pros and Cons of two different approaches to the development process for the 37th and University site. Option A: Select Development Consultant to Assist the City/EDA in Preparing a Detailed RFP for Developers Seeking Redevelopment Proposals for the 37th and University Site. PROS 1.This option would allow the City/EDA to gather sufficient information about the site and the redevelopment opportunities there, with financial feasibility analysis, to prepare a sufficiently detailed RFP that would best ensure quality responses from developers that address the City/EDA's vision for the site. 2.Without this more detailed RFP, Developers may be reluctant to spend their time and money responding to a generalized RFP. 3.This option may save the City/EDA more time in the long run by getting good RFP responses the first time around. 4.This option would save city staff time and resources by relying on the outside consultant to do the necessary work to prepare the RFP. CONS 1.This option might take longer than just preparing an RFP to be sent out to developers and getting responses immediately. 2.This option would create some additional cost. If planning grant money isn't available, the City/EDA would have to pay the cost. Option B: City/EDA Staff Prepares Basic RFP With No Detailed Site Analysis to Solicit Redevelopment Proposals for the site. Pros: 1.This option could create a faster timeline for receiving development proposals. 2.This option would not require any City/EDA or grant funds(other than staff time). 3.This option could give the City/EDA the quickest idea of what the private market is willing to build on the site. Cons: 1.The RFP under this option could be so vague that it does not produce good responses from developers. 2.The option would give the Developers a greater influence in determining what goes on the site because the Cit¥/EDA will not have its own independent analysis of the site. 3.This option could actually take more time than Option A if the streamlined RFP process does not produce good developer responses. I hope these fairly general comments help you in presenting the options to the EDA Board. Let me know if I can be of further assistance. Bob Long Welsh Companies 401 North Robert Street, Suite 225 St. Paul, MN 55101 Tel: 651.665.1139 Fax:651.665.5394 E-Mail:blong@welshco.com H:\CommunityDevelopment\Welsch Report on Development Process COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2001 AGENDA SECTION: Items for Consideration NO: ITEM: Approve Community Development Goals for 2002 ORIGINATING DEPARTMENT: EDA BY: Randy Schumacher DATE: February 11, 2001 EXECUTIVE DIRECTOR APPROVAL BY: BACKGROUND: The Community Development Department staffmet with the Columbia Heights Economic Development Authority (EDA) Board of Commissioners, including Tom Ramsdell, Planning & Zoning, Chairman, to establish Goals for 2002. The City Council approved the "Top 10" 2002 Goals at their meeting of January 28th, 2002 and directed the staff to develop draft implementation plans for each goal and provide them to the EDA Board for approval. The combined "Top 10" goals for the Community Development Department are attached in priority order. RECOMMENDATION: Staff recommends the EDA Board approve the attached "Top 10" 2002 Goal priorities for the Community Development Department. RECOMMENDED MOTION: Move to approve the "Top 10" 2002 Goal Priorities for the Community Development Department Attachments EDA ACTION: consent Form2002\Approve Comm. Dev. Goals 2002 DRAFT 2002 Goal Implementation Examples PRIORITY #1: FOCUS ON REDEVELOPMENT OF THE INDUSTRIAL ZONED PROPERTY. ACTIVITIES TO ACCOMPLISH GOALS: 1. TO MAKE APPLICATION FOR COMMUNITY DEVELOPMENT BLOCK GRANT INDUSTRIAL PLANNING FUNDS. 2. TO IMPLEMENT PLANNING STUDY PROCEDURES. · INVENTORY OF EXISTING PROPERTIES AND MARKETABILITY OF SAME. · INDUSTRIAL DEVELOPMENT EDUCATION PROGRAM · ESTABLISH HIGHEST AND BEST USE OF PROPERTY 3. TO CREATE SITE CONTROL OPTIONS 4. TO DEVELOP REQUEST FOR PROPOSALS (RFP) FOR MARKETING OF PROPERTIES. PRIORITY #2: EVALUATE DEVELOPMENT ISSUES FOR LOMIANKI PARK ACTIVITIES TO ACCOMPLISH GOALS: 1. TO HOLD A PUBLIC FORUM ON REDEVELOPMENT OF PROPERTY 2. TO IMPLEMENT NECESSARY LAND USE STEPS · REZONING · REPLATING · VACATION OF RIGHT OF WAY · APPRAISAL 3. ESTABLISH REDEVELOPMENT CRITERIA AGREEMENT 4. EXECUTE DEVELOPMENT AGREEMENT FOR MARKET RATE HOUSING PRIORITY #3: REDEVELOPMENT OF 40TM AND UNIVERSITY ACTIVITIES TO ACCOMPLISH GOALS: 1. TO GAIN SITE CONTROL OF PROPERTY 2. TO CREATE BEST USE DEVELOPMENT PLAN 3. TO POSSIBLY ADD ADDITIONAL LAND TO REDEVELOPMENT SITE 4. TO ESTABLISH AN REQUEST FOR PROPOSAL (RFP) FOR REDEVELOPMENT PRIORITY 84: TO EVALUATE THE OPTIONS FOR PARKVIEW VILLA ACTIVITIES TO ACCOMPLISH GOAL: 1. TO CONTRACT FOR ENGINEERING SERVICES TO UPDATE THE CIP FOR PARKVIEW VILLA WITH SPECIFIC PROJECTS, ESTIMATED COSTS, AND A TIMELINE FOR IMPROVEMENTS. 2. TO DEVELOP A FINANCIAL PROFORMA FOR PARKVIEW VILLA. 3. TO DEVELOP A COMPREHENSIVE LIST OF OPTIONS FOR CONSIDERATION BY THE EDA AND CITY COUNCIL FOR PARKVIEW VILLA. 4. TO FACILITATE THE DECISION-MAKING PROCESS BASED ON THE OPTIONS DEVELOPED. 5. TO IMPLEMENT THE DECISION. PRIORITY #5: TO IMPROVE THE HOUSING STOCK OF COLUMBIA HEIGHTS ACTIVITIES TO ACCOMPLISH GOAL: 1. TO PURCHASE 3-5 BLIGHTED HOMES WITH FUNDS FROM THE MODIFICATION OF TIF DISTRICT #1. 2. TO ADD NEW HOUSING REHAB PROGRAMS TO THE EDA'S "PORTFOLIO" OF HOME IMPROVEMENT PROGRAMS AVAILABLE TO RESIDENTS. 3. TO ACHIEVE $1 MILLION IN FIRST-TIME HOMEBUYER MHFA FUNDS IN THE CITY (8 HOMES). 4. TO COMPLETE THE DECISION MAKING PROCESS FOR THE "POINT OF SALE" ORDINANCE. 5. TO ACHIEVE $1 MILLION IN HOUSING REHAB LOANS AND GRANTS TO RESIDENTS (APPROXIMATELY 75 HOMES). 6. TO UPDATE THE SURVEY OF SUBSTANDARD HOUSING IN THE CITY. PRIORITY #6: TAX BASE INCREASE ACTIVITIES TO ACCOMPLISH GOAL: 1. TO EVALUATE/IMPLEMENT RECOMMENDATIONS FROM MCCOMB STUDY 2. TO ACTIVATE BUSINESS REVOLVING LOAN FUND (BRLF) 3. TO EVALUATE TIF DISTRICT STATUS- REINVEST REMAINING FUNDS INTO PROJECTS INCREASING TAX BASE 4. TO FORM BUSINESS DEVELOPMENT TEAM TO FILL VACANT COMMERCIAL SPACE 5. TO ESTABLISH TAX BASE MONITORING SYSTEM TO TRACK INCREASE/DECREASE ON AN ANNUAL BASIS. PRIORITY #7: REDEVELOP 37TM AND CENTRAL ACTIVITIES TO ACCOMPLISH GOAL: 1. TO CREATE A BEST USE DEVELOPMENT PLAN 2. TO GAIN SITE CONTROL 3. TO COMPLETE A RFQ/RFP PROCESS 4. TO NEGOTIATE A DEVELOPMENT AGREEMENT 5. TO COMPLETE REDEVELOPMENT PRIORITY #8: REDEVELOP MADY'S BOWL SITE ACTIVITIES TO ACCOMPLISH GOAL: 1. TO CREATE A BEST USE DEVELOPMENT PLAN 2. TO ACQUIRE SITE 3. TO COMPLETE RELOCATION OF BUSINESSES 4. TO COMPLETE A RFQ/RFP PROCESS 5. TO NEGOTIATE A DEVELOPMENT AGREEMENT 6. TO COMPLETE REDEVELOPMENT PRIORITY #9: PROMOTION OF COLUMBIA HEIGHTS ACTIVITIES TO ACCOMPLISH GOAL: 1. TO FORMALIZE BY CITY COUNCIL RESOLUTION THE BYLAWS OF CITY PROMOTION COMMITTEE 2. TO ADVERTISE/RECRUIT COMMITTEE MEMBERS 3. TO GAIN CITY COUNCIL APPROVAL OF COMMITTEE MEMBERS 4. TO HOST MEETINGS TO BRAINSTORM IDEAS 5. TO PREPARE MARKETING INFORMATION BASED ON MCCOMB STUDY AND MEETING 6. TO IMPLEMENT PROMOTION PLAN 7. TO EVALUATE SUCCESS OF PROMOTION PLAN PRIORITY #10 (TIE): REDEVELOP 40TM AND JACKSON TO VAN BUREN, REDEVELOP RADIATOR SHOP, 4201 CENTRAL ACTIVITIES TO ACCOMPLISH GOAL: 1. TO CREATE A BEST USE DEVELOPMENT PLAN 2. TO GAIN SITE CONTROL 3. TO COMPLETE RELOCATION OF BUSINESSES 4. TO COMPLETE A RFQ/RFP PROCESS 5. TO NEGOTIATE A DEVELOPMENT AGREEMENT 6. TO COMPLETE REDEVELOPMENT H:\CommunityDevelopment\Drafi 2002 Goal Implementation Examples CITY OF COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) Meeting of: February 19, 2002 AGENDA SECTION: Item~ For ORIGINATING DEPT: EXECUTIVE DIRECTOR Consideration EDA APPROVAL NO: ITEM: Approve Application 1998-12, BY: Tim Johnson g'o~ BY: CDBG Housing Rehabilitation Program DATE: February 7, 2002 Backeround: Center for Energy and Environment (CEE) has prepared one Community Development Block Grant (CDBG) housing rehabilitation deferred grant/loan application which needs to be submitted to Anoka County. Analysis: The following briefly summarizes the project. Please note that the amounts in the table include the $875 CEE processing fee which will be charged for each application processed. Grant # Amount Address Contractor(s) Scope of Work Summary 1998-12 $18,475 1032 Gould Norling Exteriors Replace windows and Avenue NE doors, insulation, garage repair, make health and safety improvements. Recommended Motion: Move to approve the CDBG Housing Rehabilitation Deferred Grant/Loan Application for Grant # 1998-12 in the amount of $18,475 for housing rehabilitation to Norling Exteriors, and the Center for Energy and Environment subject to meeting all program requirements; and furthermore, to direct staff to submit the loan application to Anoka County and to authorize all related expenses to be reimbursed from Fund 202-46350-4600/3050. Attachments: Proceed to Work Order; Scope of Improvement Summary EDA ACTION: Page 1 of l CEE/COLUMBIA HEIGHTS HRA ADMINISTERING ENTITY PROCEED TO WORK ORDER REHABILITATION APPROVAL GRANT NUMBER RECIPIENT LAST NAME DATE AMOUNT OF GRANT BENNETT $17,600.00 C- 1998-12 CEE Processing Fee $875.00 Application date May 2001 Board approval date Bid opening date Funds to be drawn from year Target area Contractors Norling Exteriors City of Columbia Heights Source & amount of other funding N/A TOTAL $18,475.00 Anoka County hereby approves the Home Rehabilitation Grant applications referred to above and authorizes the immediate commencement of work as specified in each Anoka County Improvements Certificate. Grant funds for each amount shown will be forwarded upon completion of a given grant for deposit in the Administering Entity's Working Balance. Proceeds may not be disbursed until: (1) The Administering Entity conducts an inspection of the specific work for which payment is to be made and determines that the work has been completed in a satisfactory manner; and (2) a Completion Certificate is executed by all parties for work completed. Anoka County refers the Administering Entity to the warranties set forth in the contract, which apply to each application submitted to Anoka County for approval. In the event that any of the warranties are found to be untrue, Anoka County may, at its option, exercise any of the remedies provided in the Grant Funding Agreement, including the right to require the AdndniS[ering m,~t~ty to reimburse Anoka County for funds previously disbursed. ~ ~pproved' by.'~~ 607\CDBG\wrkodr.do¢ Kathleen & Paul Bennett 1032 Gould Ave NE Columbia Heights, MN 55421 SCOPE OF IMPROVEMENTS HEALTH AND SAFETY $ Install smoke detectors at each level and per each bedroom per code. $ $ Install handrail at second floor stairway per code. Install over flow pipe extension at water heater per code. DRAINAGE $ Install window wells at basement windows in rear of house and raise grade for proper drainage at rear yard. SIDEWALK $ At front sidewalk replace shifted concrete portion with new concrete portion to line up with remaining portion of sidewalk properly. WINDOWS AND DOORS At all main floor and second floor windows replace existing faulty windows with new replacement insert windows. Retain existing interior trim and window frames. New windows to be A-Craft, Andersen, or equivalent windows with insulated glass. New windows to include screens. Finish interior of windows per owner. See owner for exterior and interior color selections. Haul away all old window sashes and storms. Replace front prime door and rear prime door with new Stanley or equivalent brand steel insulated prehung doors of owner's choice. Install new interior trim and finish paint/stain door and trim, both exterior and interior. Replace storm doors at front and rear with new Larson or 640 BENNETr equivalent brand storm door. See homeowner for all selections and haul away old doors and all debris. INSULATION Blow in cellulose insulation at attic to bring insulation up to a minimum of R-40. Build up perimeter walls of hatch to dam off insulation with 3/4" plywood and insulate hatch cover with rigid foam or fiberglass to R-40. Weather strip hatch perimeter, and seal all attic bypasses. GARAGE REPAIR Tear off shingles on garage to bare wood and replace any deteriorated decking. Install ice and water shield, starter-roll, flashing, and new roof vents per code. Owner to choose shingle type and color. Haul away all debris. Tear off existing siding and replace with maintenance free siding. See homeowner for all selections and haul away all debris. Owner may choose to complete some code work on his or her own. Any work the contractor performs must follow OSHA regulation for lead base paint, 29 CFR 1926.62 LEAD-SAFE WORK PRACTICES. Please list work not bid to be completed by owner. PROJECT TOTAL COST 640 BENNE'I'r CITY OF COLUMBIA HEIGHTS MEMO TO: TELECOMMUNICATION COMMISSIONERS CITY MANAGER ASST TO CITY MANAGER ACTING COMMUNITY DEVELOPMENT DIRECTOR FROM: JEAN KUEHN, SPECIAL PROJECTS COORDINATOR. DATE: JANUARY 30,2002 SUBJECT: SUMMARY REGARDING FIBER OPTIC LINE IN CENTRAL AVE November 20, 2001 At the Economic Development Authority meeting it was requested that the City consider laying high-speed fiber optic line in Central Ave as a desirable amenity and incentive to business development along Central Avenue The reconstruction of Central Ave in the spring of 2002 made this the ideal time for such an undertaking. November 30,2001 Staff requested information from Duluth and Mankato as cities who may have done a similar project. December 3, 2001 John Smedberg, Assistant City Attorney, Duluth, MN. replying for Mark Winson, City Administrator. He works on cable television and other communications work for the city of Duluth. Duluth considered its own fiber system in 1994-1995, but has not put one in. In the refranchising process in 1991-1994, an upgrade to fiber trunk cables was required, reserving the right to deploy 6 dark fibers with any fiber mink cables the company installed as a beginnings of a city/school district fiber optic system. When the company began deploying the fiber trunk, a feasibility study was done to see if a City own system made sense. The study concluded that it did not. Though the cost of the cable itself was not prohibitive, the cost of maintenance and administrative employees to mn the system was. As an example, fiber is difficult to splice and the cost of the splices fxequently exceeded the cost of the fiber optic cable itself. Duluth concluded it would not make sense from a cost/benefit standpoint for the city to have its own system. Duluth found their decision was probably a wise one. Unknown to city staff at that time, AT&T had installed over 20 million dollars worth of fiber in Duluth in the late 1980's and Duluth was probably overbuilt for the amount of available business. December 12, 2001 Edie French, Media Coordinator for the City of Minneapolis Minneapolis is aware of the proposed reconstruction of Central Avenue, and their staff agreed it would be an ideal time to install a conduit for any current/proposed/future fiber optic lines that may be laid on Central Avenue. To that end, the City of Minneapolis had actually formed a task force several years ago with the goal of making Minneapolis a "fiber rich" city that would draw businesses of all types. This plan never came to fruition. In discussions with Qwest it was learned that fiber lines have already been deployed to businesses that are active heavy users. Minneapolis has also encouraged Cable providers to drop lines into street right of ways when construction is ongoing. The Minneapolis Public Works department has placed open conduits (sleeves) into certain potential high volume streets when they are open, hoping to minimize later disturbances. Minneapolis is willing to have fiber lines in the street, but believe communication companies need to take the responsibility and the initiative since public dollars are not available. December 12, 2002 John Lampland of Savvy Net, stated that he was now aware that Qwest has fiber "in the area", on the east side of Central Avenue and connectivity and cost were the actual issues to be focused on. Qwest wanted an estimate of level of use before they could quote an annual cost. This creates a "Catch 22" since office space could not be leased with the promise of high-speed access until the access was actually in place. Mr. Lampland estimated an annual cost of $400,000 based on his research of other projects. The capacity of a T3 or DS3 line or OC1 base level service would adequately serve the Columbia Park Medical, the Business Center and the mall at an estimated cost of $32,000 per month. Medtronic is currently served by fiber and numerous redundant connections. Columbia Park Medical facility has also shown an interest in fiber lines for their business and has taken preliminary steps to be connected. December 20,2001, Telecommunications meeting--- Placement of a Fiber Optic line in Central Avenue. Gordon Awsumb, from the Central Business Center, and John Lampland, from Savvy Net, Mr. Awsumb and Mr. Lampland are specifically interested in accessing fiber optic at the building on 40th and Central Avenue to better serve their clients and expand business opportunities at this site. Mr. Awsumb believes that providing high-speed data service will further economic development for other areas in Columbia Heights as well. He feels a fiber optic line will help build a strong tax base by providing service for current businesses, as well as attracting new businesses. Awsumb stated the costs have been reduced from their first proposal due to the fact that they, have discovered Qwest already has a fiber optic line running up Central to 44t~ Avenue, with a vault on 42n° Avenue. He estimates that it will cost approximately $150,000 to bring a connection line down from 42nd Avenue to the 40th Avenue intersection, connect to the building, and cover Engineering and Administration costs. It was noted that Qwest will be connecting Columbia Park Clinic to this line soon. Columbia Park Clinic is paying for this connection. Kathi Donnelly Cohen of AT & T Broadband stated, AT & T does provide this type of service, but on a residential scale. They are not equipped at this time to take on large office complexes. COMMISSIONERS QUESTIONS-- Q. Why should the City pay for this project? A. Mr. Awsumb stated that it just made sense to place vaults accessing the duct banks every block along the avenue while it is being reconstructed, so the street will not have to be dug up again in a few years. If the vaults were strategically placed, lines could be fed to future business in other directions. Q. Legal issues such as ownership of the lines if additional conduits are run along a State Highway? Connection costs? How would fees be assessed? Usage costs, what could be done with extra space in the conduits, etc? Commissioners also questioned what Qwest's plans are for placing additional lines or vaults along Central during reconstruction, and if they had been informed of the reconstruction project. The Commission had a long discussion and it was the general consensus that fiber optic line and access to it is something to pursue but only after the E.D.A. decides what areas they would like to see developed, after certain legal issues are answered, and after finding out what Qwest's plans are. If Qwest has plans for additional work along Central, the City may not have to do anything. RESPONSE TO COMMISSIONERS QUESTIONS: December 26, 2001 Kevin Hansen, City Engineer MnDOT would not participate in this type of installation, it would strictly be the City's or others to own and maintain. Any fees for access or recovery of capital cost would have to be determined by who installs it. A rate study and/or cost benefit study would provide more detail on potential users and access fees. Assessing this type of work is very risky, the State requires that when the government places an assessment on property, the value of that property must increase by at least an amount equal to the assessment, supportable by an independent appraisal. Be aware that the Central Avenue Project cannot support additional costs nor is this type of construction State-Aid eligible. Qwest has a fiber optic line on the east side, capacity unknown. For Central Avenue, plans will be finalized in January. Utilities have been contacted through the design process over the past 12-24 months. The current line has an access vault on 43rd Avenue, additional vaults can be added, but the City Engineer does not necessarily agree with the concept of less costly. Those vaults can be expensive depending on what they are needed for. There are also operating and maintenance costs associated with access vaults. MnDOT may have something to say about the location of these, which could affect costs. MnDOT approves anything in their Right Of Way! This decision would be financially driven. A scoping study would be needed to determine interest (would the line be used and by whom?) and a feasibility study to determine initial and future capacity, project cost and how it would be paid for. For coordination on such a large, complex project, the work should be part of our plan set which is going out for bid in late January with a bid opening in late February. Depending on what needs to be placed in the ROW, i.e., duct bank vs. single conduit. In any case we need to be concerned with the placing of expensive streetscaping where vaults may need to be accessed. If this is the case - consideration should be given for the access vaults to be placed outside the ROW, which requires expensive land acquisition. A lot needs to get thought out and resolved prior to bidding in February and contract award, this April or May. The City Engineer concluded that this is the type of work best left to the experts that do it for a living - QWEST! Should the City entertain such a financial risk with a yet undefined benefit, without staff capable of managing/maintaining it? December 26, 2001. Qwest Dave Cringen, Manager of Qwest Business Sales Division Daniel Greenlee, Director of the Government group, David Fidelman of Government operations David Fidelman, indicated that Qwest would certainly work to accommodate any business needs in our community and if there was a need not being met, he would do everything he could to expedite the solution. He further stated however, that in these difficult and uncertain financial times "we are not even buying boxes of paper clips and Qwest is not going to lay dark fiber on the come". TELECOMMUNICATIONS MEETING MINUTES OF DECEMBER 20, 2001 PAGE 2 NEW BUSINESS A. Notice Regarding Equipment Compatibility Sent to Subscribers A copy of the notice to sent subscribers was enclosed in the agenda packets for review. Kathi explained there are three notices sent to subscribers on an annual basis in order to comply with requirements set by the FCC. B. Notice to Subscribers Regarding Changes in Programming for Analog and Digital Services A copy of the letters sent to subscribers regarding changes in programming for those customers subscribing to analog and digital service were enclosed in the packets. These changes took effect December 18,2001. Premium services have been moved to digital service only. Subscribers must now have a digital converter box to obtain these channels, but the price for the service has remained the same. C. Notice of Rate Increase Effective January 1, 2002 A letter was received November 21,2001, notifying the City of the Rate Increase for Basic 2 and Standard Cable, as well as to premium services effective January 1, 2002. The prices for Basic 1 and equipment rates were not adjusted, so we do not have the opportunity to review the charges or regulate them in any way. It was noted that we held the Public Hearing on the last increase from July 2001. The City now has until March 1, 2002, to order any adjustments to that increase. ~ D. Discussion with SavvyNet regarding Fiber Access on Central Ave Gordon Awsumb, from the Central Business Center, and John Lampland, from SavvyNet, had recently addressed the EDA Board regarding placement of a Fiber Optic line in Central Avenue while the street is being reconstructed next year. The EDA Board recommended the Telecommunications Commission review this idea and share their thoughts with the EDA Board/City Council. Mr. Awsumb and Mr. Lampland are specifically interested in accessing fiber optic at their building on 40'~ and Central Ave to better serve their clients and expand business opportunities at this site. Mr. Awsumb explained the importance of providing high speed data service to further economic development for other areas in Columbia Heights as well. He feels a fiber optic line will help build a strong tax base by providing service for current businesses, as well as attracting new businesses. He envisions Columbia Heights as being the furore home of several high tech business centers if we have the foresight to provide the equipment necessary for these businesses to operate using the latest technology available. He stated the costs have been reduced from their fn'st proposal due to the fact that they have discovered Qwest already has a fiber optic line running up Central to 44~ Avenue, with a vault on 42na Avenue. He estimates that it will cost approximately $150,000 to bring a connection line down from 42na Avenue to the 40~ Avenue intersection, do the connection to the building, and to cover Engineering and Administration costs. It was noted that Qwest will be connecting Columbia Park Clinic to their line soon. Columbia Park Clinic is paying for this connection, but has to do it according to Mr. Awsumb, on Qwest's timeframe. The Commission members asked Kathi Donnelly Cohen if AT & T Broadband provides this type of service. She states they do, but on a residential scale. They are not equipped at this time to take on large office complexes. TELECOMMUNICATIONS COMMISSION MINUTES OF DECEMBER 20, 2001 PAGE 3 go REPORTS Bo Dan Swee asked why the City should pay for this project. Mr. Awsumb explained that it just made sense to place vaults accessing the duct banks every block along the avenue while it is being reconstructed, so the street will not have to be dug up again in a few years. If the vaults were strategically placed, lines could be fed to future business in other directions. He went on to explain that OC3 lines must be secure and must be inground. These lines provide the larger capacity needed by businesses. While many of the Commission members felt it would be a good idea to provide for digital service while the street is being reconstructed, they raised some issues that need to be checked out. They questioned legal issues such as ownership of the lines if additional conduits are nm along a State Highway, connection costs and how they would be assessed, usage costs, what could be done with extra space in the conduits, etc. They also questioned what Qwest's plans are for placing additional lines or vaults along Central during reconstruction, and if they had been informed of the reconstruction project. There was a long discussion and it was the general consensus of the commission that this is something to pursue after the EDA decides what areas they would like to develop, after certain legal issues are answered, and after finding out what Qwest's plans are. If Qwest has plans for additional work along Central, the City may not have to do anything. Other New Business There was no other new business. Report of Commissioners Educational-Dennis was not present, but he forwarded a memo from the School District reporting on the status of the equipment and training that was purchased with a grant from the Commission. Government- Nothing to report Library-Nothing to report Public-Nothing to report Report of AT & T Broadband- The reports for October to present were enclosed in the agenda packets. Kathi Donnelly Cohen passed out a copy of a press release regarding the merger of AT & T Broadband and Comcast. This merger will make them the largest cable provider in the country. Report of the Cable Attomey Our legal counsel was not present at this meeting. Report of the Assistant to the City Manager The Holiday Dinner will be held at Jax Caf~ on January 17, 2002 at 6:30 pm. Notices will be sent out to members in January. Motion by Bob Buboltz, seconded by Brad Peterson, to adjourn the meeting at 9:20 pm. Respectfully submitted, Shelley Hanson Secretary All ayes. From: Jennifer Bergman <jbergman@GMMHC.org> To: "'communitydevelopment@ci.columbia-heights.mn.us"' <communitydevelopment@ci.columbia-heights.mn.us> Date: 2/7/02 10:34AM Subject: GMHC Houses As requested, here is a list of the homes recently constructed or rehabilitated by the Greater Metropolitan Housing Corporation. Rehabilitated Homes 415 University Avenue NE 420-422 University Avenue NE 424 8th Avenue NE 715 5th Street NE 440 4th Street NE 438 4th Street NE 434 4th Street NE New Construction 608 Jefferson Street NE 617 Madison Street NE 455 Madison Street NE 221 Polk Street NE Rehab Under Construction 510 University Avenue NE Please let us know if you need anything else. Jennifer Bergman Program Director, Greater Metropolitan Housing Corporation 909 Main Street NE Minneapolis, MN 55413 (612) 378-7985 Fax: (612) 378-7986 Jbergman@gmmhc.org CC: Carolyn Olson <colson@GMMHC.org>, "'Randy. Schumacher@ci.columbia-heights.mn.us'" <Randy. Schumacher@ci.columbia-heights.mn.us> o HOUSING UPDATE- FEBRUARY, 2002 As you can see fi.om the attached update fi.om MHFA, the new Fix-up Fund interest rate is 6.5% beginning February 1st. This is a percent less than last year's rate of 7.5% - good news for Columbia Heights residents! On Wednesday, January 30th, Randy and I met with Jennifer Bergman, Housing Resource Center Program Director, to review the proposed contract, which is slated to go into effect on April 1st. City Attorney Jim Hoeft is reviewing the changes and it will be signed as soon as it is in final form. Community Development staff will be meeting at the Housing Resource Center in late March to learn more about their operations. EDA Commissioners can let me know if they are interested in coming. The Housing Resource Center is already taking calls from Columbia Heights residents, even before the contract is signed, and I have already directed several phone calls to them. Attached is a sample copy of the report the HRC will be sending the EDA each month. I have downloaded the report for the MHFA First Time Homebuyers Program for 2001, which shows a final total 8 loans in the amount of $963,359 disbursed in the city under the program. The addresses and household statistics are listed in the attached summary from MHFA. HUD has released the new statistics for both Section 8 Income Limits and Median Family Income Levels for FY 2002, which form the basis for eligibility for a number of the housing rehab programs. A family of 4 in the Twin Cities metro area is considered very low income if they make less than $38,350 a year. The estimated median income in the U.S. is $54,400, the state of Minnesota is $64,500, and the Twin Cities metro area is $76,700. I've got the complete set of statistics if anyone is interested. The draft revisions to the Business Revolving Loan Fund (BRLF) will be complete in time for the March EDA Meeting. I have drawn on a number of sources with an emphasis on making BRLF simple to understand and use for both the business and lender. The folks at USBank have been particularly helpful in reviewing the draft. ' '~ i dAl, l 3 0 200~rom, :the, Minnesota Homes Division YOU CAN! .I FUND 2002-1 January 29, 2002 This Program Update is being mailed to the "Lead Contact Person" at each office. Share a copy of this information with other staff members who work with the Fix-up Fund program. To designate a different staff person to receive these mailings, notify us. Contact information is provided at the end of this Program Update. This is still a fixed rate, for a maximum 20-year repayment term, with 100% loan to value ratio. Also, this new rate still extends to homeowners who qualify for an unsecured loan! For lenders that have an addendum to their MHFA Participation Agreement for the Community Fix-up Fund, the new rates are 6.5% for gross annual household incomes of $35,000 and greater; and 5.0% for gross annual household incomes of less than- $35,000. There are no changes to the sub-prime rates of 8.5% and 6.5%. The lower rate for the Fix-up Fund and the continued simplicity of qualifying for rate and terms are both good marketability factors - and these benefits ensure long-term affordability for homeowners. MHFA's recent survey of home equity loan rates revealed many "low fixed rates"; but the fine print for those rates itemized qualifiers such as loan to value ratios and length of term, or the rate was fixed for a maximum of 5 years followed by a balloon payment. Ron Williams, the Homes Division marketer, continues to be available to assist lenders and partners with marketing the Fix-up Fund. Contact him at ron.williams @ state.mn, us. Some lenders may not have received the following updated information'. After reviewing feedback from our partners throughout the state, two changes were made to the MHFA lender participation cdteda that had been adopted by the MHFA Board of · Directors in the fall of 2000: Housing Finance Agen~ 400 Sibley Street, Suite 300, St. Paul, Minnesota 55101 651-296-8215 Fax - 651-296-8292 TTY 651-297-2361 Equal Opportunity Housing and Equal Opportunity Employment The minimum number of loans that a lender must sell to MHFA was reduced to 6 loans per year (either home improvement or home ownership) from the previous 15- loan minimum. The initial loan production tracking ~year" was delayed from calendar year 2001 to July 1, 2001 to June 30, 2002. Therefore, no lender renewal fees will be due to MHFA until June 2002. Thanks for Your input to the discussions that led to these revisions. Replace the Loan Reservation Form (Exhibit F) with the attached updated form dated 1/25/2002. Updates include a place for contact information, so we can readily reach you with questions or clarifications. This document has been deleted from program requirements. One more step in streamlining efforts has been completed! For future reference, make a notation of this deletion on Exhibit G and on pages 6 and 12 of your Fix-up Fund procedural manual. The Fix-up Fund manual and forms are now available for review and/or downloading from MHFA's website: http://www, mhfa.state.mn.us. To go directly to the section of the website with the manuals and forms: http://www, mhfa.state.mn.us/homes/homes manuals and forms.htm. This would be a good time to make sure that you're using an MHFA Fix-up Fund loan note and credit application that are dated no earlier than 3/30/01 and that you're using the Fix-up Fund manual dated 4/16/01. Any earlier versions are outdated and should be discarded. Do you have staff that would prefer to increase their knowledge of Fix-up Fund loans in a group setting rather than through self-study? Following are three opportunities to become more familiar with Fix-up Fund loans and thus increase loan production and customer service: Jan-30-02 03:36P NE HousingResource Center 612 378 7986 P.02 .9.o f~ ~ >,, · .,,t.. ~ s:::: ~ 0.--. 0 ! ..... -~. t~~ ~-i~ ~ .... ~' /~: ._~ ~,/ :~.' ~-:': , .......... 7": ':- ?~: ! ~.: ~ [ ~ ~' a ~.8 ~ ~ , ~ ~. : '-- <] --I I  Ii la ~ a ~1~ .~.,~o,~'~~: o,o .-'~1~' I~.: ol ~<'<~ ~ ~ ~ u~o E~ 0 0 0 © U. ~O'd 986Z 8&~ ~19 ~elue3 e=~nosea6u~snoH 3N dE~:~O ~O-OE-UeE IMark Nagel - Report- Columbia Heights.xls Page 1 FIRST TIME HOMEBUYER PROGRAM FOR 2001 Loan ID Ln Cmt Dt Ln Cmt Amt Ln Stat Race Cd Hh Size Hh N Child 6549300048 5/1/01 $98,135 disbursed w 1 0 6544000614 6/25/01 $142,400 disbursed w 1 0 6980400465 8/7/01 $138,329 hold-mhfa 5 6936000552 9/5/01 $113,426 disbursed w 1 0 6936000625 10/1/01 $147,155 disbursed b 3 1 6965500639 10/15/01 $127,988 hold-mhfa 1 6936000649 10/22/01 $79,750 disbursed w 1 0 6936000713 11/6/01 $116,176 disbursed w 1 0 8 $963,359 2 Hh Inc Gross $36,849 $38 436 $35.352 $31772 $39 001 $34 668 $31 532 $37 104 $35 589 Grp Name City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. City Participation Program (mcpp) Grp. Pp Addrl 4449 7th St NE 3705 Van Buren St 4320 7th Ave 4038 7th Street 4700 6th St. NE 304 Karen Ln NE 4111 3rd St NE Unit 101 4216 Jackson Street North East 10 NORTHEASTER January 10, 2002 Heights. townhome residents-move in Columbia Heights' new townhomes on 41st Avenue just west of Central Avenue are finished and fully OCcUpied. The project, developed by Real Estate Equities, added 22 units of affordable rental housing to the community. Some have different floorplans, and there are two-, three- or four-bedroom units. - Tim Johnson, Columbia Heights' city planner, said a second project, 50 units of assisted-living senior housing on 42nd and Central avenues, is next in the works. It is also being built by Real Estate Equities in conjunction with Crest View Corporation, who will manage the units. (Photo by Gall Olson) CITY OF COLUMBIA HEIGHTS 590 40th Avenue N.E., Columbia Heights, MN 55421-3878 (763) 706-3600 TDD (763) 706-3692 Visit Our Website at: www. ci. columbia-heights.rnn.us EDA COMMISSIONERS: Robert W. Ruettimann Julienne Wyckoff Marlaine Szurek Gary. L. Peterson Bruce Nawrocki Patricia Jindra Bobby Williams ECONOMIC DEVELOPMENT AUTHORITY (EDA) January 18, 2002 Dave King Center for Energy and Environment 211 North lst Street, Suite 455 Minneapolis, MN 55401 Re: 2000 CDBG Program Dear Dave: As you know, Anoka County has notified the City that they are giving us an extension for processing the remaining three Rehabilitation Grant Loans in your possession. Therefore, at the January, 2002 EDA meeting the consensus of the Board was to extend the agreement between CEE and the City for administrative services of the 2000 CDBG Program until April 1, 2002. Please find enclosed an executed copy of the agreement. Please make a note that the agreement will end on April 1, 2002. If you have any questions, please feel free to contact me at (763) 706-3675. Yours very t~ Randy ~umacher Deputy Executive Director Enclosure C: Walt Fehst, City Manager Tim Johnson, Planner CDBG Files H:\CDBG2002\Cee Ltr for MHFA Rehabilitation Loans THE CITY Of COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN EMPLOYMENT OR THE PROVISION OV SERVICES EQUAL OPPORTUNITY EMPLOYER AGREEMENT FOR ADMINISTRATIVE SERVICES Between CENTER FOR ENERGY AND ENVIRONMENT And COLUMBIA HEIGHTS ECONOMIC DEVELOPiVIENT AUTHORITY (2000 CDBG and Home Improvement Program) The Agreement, made the 21~t day of December, 1999, by and between the COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic under the laws of the State of Minnesota, (the "EDA"), and the CENTER FOR ENERGY AND ENVIRONMENT, a 501 (c)(3) non-profit corporation, with its offices at, 211 North 1~t Street, Suite 455, Minneapolis, Minnesota 55401 (the "Contractor") is hereby amended. Section 1 of the agreement shall read: The project to be accomplished by the Contractor hereunder shall run from January 1, 2000 to December 31, 2002 unless earlier terminated as provided herein, or until all obligations set forth in this Agreement have been satisfactorily fulfilled, whichever occurs first. All other sections of the contract shall remain as written in the original agreement. IN WITNESS WHEREOF, the parties hereunder set their hands as of the date written below: COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY BY p~~~~~~~l~ By Date E xe~u t-i~-~'D [recto r ~, · CENTER FOR ENERGY AND ENVIRONMENT By '~heldon St{om, Executive Director Date ~ ("'- [-'-~5> [ 000328 TAX[D 41-1647799 T:~¥nin\CC~TRAC~C R R\640 Columbia Hts Amend 1.doc December 7, 2000 RESIDENT COUNCIL MEETING MINUTES OF JANUARY 14, 2002 The meeting was called to order at 7:00 p.m. by President Bill Cross. The Pledge of Allegiance was said. President Bill Cross announced that the proper procedure for the Election of Officers was not followed at the December 2001 meeting and at this time they would have the election again. Nominations were opened from the floor. The following residents were elected: President - Bill Cross Vice President- Dennis Ecklund Jr. Secretary- Leo Mollenmaster Treasurer- Jackie Ovshak Entertainment- Marian Johnson Welcome Committee- OPEN Management Report by Anita Kottsick. · Request for Tub Rooms to be opened again. This will be done as soon as the toilets can be replaced. · Floor checking procedure was looked over again and made the change that in the morning the resident will put out a smiley face on their door, then after 10:00 a.m. the checker will turn the sign over. · There was an incident where a resident needed their door opened and Anita's master key did not work, therefore, Anita will check everyone's lock asap. · Anita gave instructions for fire drill. If the alarm goes off and you don't smell smoke, you can stay in your apartment till help arrives. · On her weekly walk through, Anita found residents doors left open or wedged to keep partially open. Anita reminded everyone that this is against fire code, and if not adhered to, a written notice will go into the personal file. · The mat by the front door was removed as it impeded the emergency exit. · There will be a HUD inspection on February 14, 2002 on a random basis. · A resident complained of smelly smoke odors on sections 315,415,317,417,321, and 421 and after checking this out found out that it was residents doors open to get rid of the smoke odor in their apartment. Resident outside windows should be opened to get rid of the smoke odor. · This Wednesday, January 16, 2002, Anita will be attending a HUD meeting. · She reminded residents that there is no smoking in elevators or in the garage areas. Reports were given by the Treasurer, Secretary, and Sunshine. The next meeting is scheduled for February 12, 2002. Meeting Adjourned at 7:55 p.m. Respectfully Submitted, Pat Jindra EDA Representative RESIDENT COUNCIL MEETING MINUTES FEBRUARY 11, 2002 The meeting was called to order at 7:00 p.m. by President Bill Cross. The Pledge of Allegiance was said. Management Report by Anita Kottsick. · The painting in the elevators and the lobby is complete. · The carpet in the hallways have been cleaned · February 14th HUD will be doing an inspection of the building. · A leak was reported over the last weekend and was repaired on Wednesday. There will be some more patching done as soon as it is possible. · Anita urged everyone using the garage to be more aware of security procedures as some drivers are not waiting for the doors to close before driving off. A resident asked if the rumor about the City selling Parkview Villa was true. They were worried about their status. Anita said she could not answer, but urged residents to attend the HRA meeting with their questions. The reports from the Secretary were postponed, due to them being miss placed. Reports were given by the Treasurer, Sunshine, Welcome Committee, and Entertainment. Residents were asked to fill the posted volunteer positions. Job descriptions were explained to residents. It was voted on and passed to enter the volunteer positions into the bylaws. There wasn't any old or new business. A new resident, Leo was welcomed to Parkview Villa. Drawings for two $5.00 cash prizes were awarded. Meeting Adjourned at 7:35 p.m. Respectfully Submitted, Pat Jindra EDA Representative COUNTY OF ANOKA PROPERTY RECORDS AND TAXATION DIVISION September 5, 2001 GOVERNMENT CENTER . 2100 3RD AVENUE . ANOKA, MN 55303 FAX (612) 323-5421 · Property Assessment · Property Records and Public Service~ · Property Tax Accounting and Researci~,. Randy Schumacher Columbia Heights EDA 590 40th Ave. NE Columbia Heights, MN 55421 Dear Mr. Schumacher, Please find enclosed Auditor's Certification of original taxable value for Tax Increment Financin9 District No. 9 of the City of Columbia Heights. The county alpha-numeric identifier of this tax increment district is R-8 which represents levycode 14013I. Please refer to this number in any future correspondence. If you have any questions regardin9 this matter, please feel free to call me at 763-323-5438. Sincerely, Tax & Assessment Research Analyst Enclosures Affirmative Action / Equal Opportunity Employer STATE OF MINNESOTA) )SS COUNTY OF ANOKA ) CERTIFICATE AS TO THE ORIGINAL TAXABLE VALUE OF REAL PROPERTY WITHIN TAX INCREMENT FINANCING DISTRICT NIIMBER 9 OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA I, the undersigned, being the duly qualified and acting Property Tax Administrator for the County of Anoka, Minnesota, certify to the City of Columbia Heights in said county, pursuant to the provisions of Minnesota Statutes, Sections 469.174 to 469.181, that the '!original tax capacity" of all taxable real property within the project area designated as Tax Increment Financing District No. 9 (R8) in the unique tax area 14013I of said city, as described in the Tax Increment Plan for the area approved by the City Council dated December 11, 2000 is $2845. I also certify that such original taxable value is composed of the assessed valuation of each parcel of taxable property within the redevelopment district as determined by the assessment thereof on January 2, 2000, for the purpose of the extension of taxes thereon payable in 2001, this being the assessed valuation most recently determined before the date when this certification was requested. I also certify that attached to and made a part of this certification is a full, true and complete list of all taxable parcels of real property within the project area, and of the original tax capacities determined for each parcel and included in the aggregate amount stated above. The original tax capacity rate for the property located within Tax Increment Financing District No. 9 is 111.935%. WITNESS my hand and seal this 5th day of September, 2001. MAUREEN J. DEVINE, COUNTY AUDITOR J. Ra~n~~ SEAL TAX INCREMENT PARCEL INVENTORY NAME OF DISTRICT: DISTRICT NUMBER: MUNICIPALITY: ORIGINAL ASSESSMENT YEAR: FIRST INCREMENT PAYABLE YEAR: Tax Increment Financing District No. 9 R8 Columbia Heights 2000 2002 PIN NUMBERS MARKET CLASS CLASS NET TAX VALUE % CAPACITY R35 30 24 14 0091 E35 30 24 14 0092 R35 30 24 14 0096* E35 30 24 14 0141 75,800 3A 2.4% 1819 9,300 5E Exempt 92,100 iA 1%/1.65% 1026 5,339,800 5E Exempt TOTAL 2845 * indicates the net tax capacities of those parcels were calculated based on limited market values.